Tax Basis definition

Tax Basis means the same as defined in department of revenue 701—subrule 42.15(3).

Tax Basis means, with respect to any item of Company property, the adjusted basis of such property as determined in accordance with the Code.

Tax Basis means the adjusted tax basis determined for federal income tax purposes under Code Section 1011(a).

Examples of Tax Basis in a sentence

• In the event that the Book Value of an item of Company property differs from its Tax Basis, allocations of depreciation, depletion, amortization, gain, and loss with respect to such property will be made for Federal income tax purposes in a manner that takes account of the variation between the Tax Basis and Book Value of such property in accordance with Section 704(c)(1)(A) of the Code and Treas.

• Any indemnity payment payable under this section shall be paid on an After Tax Basis.

• The Book Value of an item of Company property shall be increased or decreased, as the case may be, to equal its Adjusted Tax Basis whenever an adjustment to the Adjusted Tax Basis of such item of Company property arises under IRC Sections 732(d), 734 or 743 and such adjustment exceeds the difference between the Book Value of such item of Company property and its Adjusted Tax Basis prior to making such adjustment.

• In the event that (i) Parent timely delivers such notice, the amount of the NW Stock Tax Basis shall be determined in accordance with Section 5.23(d) or (ii) Parent does not timely deliver such notice, the NW Stock Tax Basis set forth in NW Stock Tax Basis Schedule shall be deemed finally determined (the NW Stock Tax Basis, as finally determined, the “Final NW Stock Tax Basis”).

• You agree that this Subscriber Agreement is set forth in the English language for the mutual convenience and benefit of the parties.

More Definitions of Tax Basis

Tax Basis means, with respect to any item of Joint Venture Company property, the adjusted basis of such property as determined in accordance with the Code.

Tax Basis means, with respect to any asset, its adjusted basis for Federal income tax purposes.

Tax Basis means, with respect to any item of the Fund’s property, the adjusted basis of such property as determined in accordance with the Code.

Tax Basis. The Partnership’s basis in any property for Federal income Tax purposes at the time of its contribution to the Partnership.

Tax Basis means the adjusted basis for United States federal Income Tax purposes to CCG (or Holdings by reason of being the parent entity of CCG as a Disregarded Entity) of the identified asset as of the Closing Date.

Tax Basis. Yew’s tax basis in the Purchase Shares determined under the Internal Revenue Code after adjustment due to the Subchapter S Capital Gains/Losses, the Subchapter S Ordinary Earnings/Losses, and the Tax Distribution.

Tax Basis shall have the meaning ascribed thereto in Section 4.4(b).